MP State Tourism Development Corporation Limited Notice Inviting Request for Proposal For appointment of Financial Advisor for Development of Tourism Projects in Madhya Pradesh The MP State Tourism Development Corporation invites Request for Proposal from interested parties for appointment of Financial Advisor for Development of Tourism Projects in Madhya Pradesh. The appointed consultant would be responsible for providing consulting services towards developing tourism projects through private sector participation as per the Terms of Reference. The detailed scope, deliverables, eligibility, evaluation criteria, terms and conditions have been outlined in the RFP document. The interested bidders can obtain the RFP document from the office of “Madhya Pradesh State Tourism Development Corporation Ltd. Paryatan Bhawan, Bhadbhada Road, Bhopal 462 003” during office hours on payment of a demand draft of Rs 5,000 (Rupees five thousand only) in favour of ‘MP State Tourism Development Corporation’ payable at Bhopal. The RFP document can also be downloaded from www.mptourism.com . If the document is downloaded from the website the bidder will have to submit the demand draft of Rs Rs 5,000 (Rupees five thousand only) in favour of ‘MP State Tourism Development Corporation’ payable at Bhopal during the submission of the proposal. Sr. No. Activity Date 1 Pre bid meeting 31 Jan 2013 2 Submission of Proposal 14 Feb 2013 3 EMD of Rupees 2.00 Lakh Proposal should be submitted on and before 1500 hrs on February 14, 2013 at the Head Office Madhya Pradesh State Tourism Development Corporation Ltd. Paryatan Bhawan, Bhadbhada Road, Bhopal 462 003 provided in the manner and form as detailed in this RFP. Managing Director Madhya Pradesh State Tourism Development Corporation Ltd.
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MP State Tourism Development Corporation Limited
Notice Inviting Request for Proposal For appointment of Financial Advisor for Development of Tourism Projects
in Madhya Pradesh
The MP State Tourism Development Corporation invites Request for Proposal from interested parties for appointment of Financial Advisor for Development of Tourism Projects in Madhya Pradesh. The appointed consultant would be responsible for providing consulting services towards developing tourism projects through private sector participation as per the Terms of Reference.
The detailed scope, deliverables, eligibility, evaluation criteria, terms and conditions have been outlined in the RFP document. The interested bidders can obtain the RFP document from the office of “Madhya Pradesh State Tourism Development Corporation Ltd. Paryatan Bhawan, Bhadbhada Road, Bhopal 462 003” during office hours on payment of a demand draft of Rs 5,000 (Rupees five thousand only) in favour of ‘MP State Tourism Development Corporation’ payable at Bhopal. The RFP document can also be downloaded from www.mptourism.com. If the document is downloaded from the website the bidder will have to submit the demand draft of Rs Rs 5,000 (Rupees five thousand only) in favour of ‘MP State Tourism Development Corporation’ payable at Bhopal during the submission of the proposal.
Sr. No. Activity Date
1 Pre bid meeting 31 Jan 2013
2 Submission of Proposal 14 Feb 2013
3 EMD of Rupees 2.00 Lakh
Proposal should be submitted on and before 1500 hrs on February 14, 2013 at the Head Office Madhya Pradesh State Tourism Development Corporation Ltd. Paryatan Bhawan, Bhadbhada Road, Bhopal 462 003 provided in the manner and form as detailed in this RFP.
Managing Director Madhya Pradesh State Tourism Development Corporation Ltd.
2.1.1 Detailed description of the objectives, scope of services,
Deliverables and other requirements relating to this Consultancy
are specified in this RFP. In case an applicant firm possesses the
requisite experience and capabilities required for undertaking the
Consultancy, it may participate in the Selection Process either
individually (the “Sole Firm”) or as lead member of a consortium of
firms (the “Lead Member”) in response to this invitation. The term
applicant (the “Applicant”) means the Sole Firm or the Lead
Member, as the case may be. The manner in which the Proposal is
required to be submitted, evaluated and accepted is explained in
this RFP.
2.1.2 Applicants are advised that the selection of Consultant shall be on
the basis of an evaluation by the Authority through the Selection
Process specified in this RFP. Applicants shall be deemed to have
understood and agreed that no explanation or justification for any
aspect of the Selection Process will be given and that the Authority’s
decisions are without any right of appeal whatsoever.
2.1.3 The Applicant shall submit its Proposal in the form and manner
specified in this Section of the RFP. The Technical proposal shall be
submitted in the form at Appendix-I and the Financial Proposal shall
be submitted in the form at Appendix-II. Upon selection, the Applicant
shall be required to enter into an agreement with the Authority.
2.2 Conditions of Eligibility of Applicants
2.2.1 Applicants must read carefully the minimum conditions of eligibility
(the “Conditions of Eligibility”) provided herein. Proposals of
only those Applicants who satisfy the Conditions of Eligibility
will be considered for evaluation.
2.2.2 To be eligible for evaluation of its Proposal, the Applicant shall fulfill
Technical requirement which include technical & financial Capabilities of
the bidder as mentioned in Clause 3.1.2.
2.2.3 The Applicant should submit a Power of Attorney (for signing
authority) as per the format at Form - 4 of Appendix-I
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2.2.4 Any entity which has been barred by the Central Government, any
State Government, a statutory authority or a public sector
undertaking, as the case may be, from participating in any project, and
the bar subsists as on the date of the Proposal, would not be eligible
to submit a Proposal either by itself or through its Associate.
2.2.5 An Applicant or its Associate should have, during the last three years,
neither failed to perform on any agreement, as evidenced by
imposition of a penalty by an arbitral or judicial authority or a judicial
pronouncement or arbitration award against the Applicant or its
Associate, nor been expelled from any project or agreement nor
have had any agreement terminated for breach by such Applicant or
its Associate.
2.2.6 While submitting a Proposal, the Applicant should attach clearly
marked and referenced continuation sheets in the event that the
space provided in the specified forms in the Appendices is
insufficient. Alternatively, Applicants may format the specified forms
making due provision for incorporation of the requested information.
2.3 Full-time Team
The Consultant shall deploy a full-time team (“Key Personnel”) for
undertaking this assignment. The Key Personnel shall include the
following persons who shall discharge their respective responsibilities
as specified below:
Key
Personnel
Qualification Responsibilities Minimum experience on eligible assignments
Team
Leader
MBA (Finance) / Masters in Economics
He/She will lead, co-ordinate and supervise the Consultancy Team for delivering the Consultancy in a timely manner as envisaged in this RFP. He/She shall not delegate his responsibilities except with the prior written approval of the Authority.
10 years in product development on PSP basis including familiarity with project agreements, tendering agreements, project structuring, risk management & successful project implementation of at least 3 projects of similar nature.
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Sector
Specialist MBA/CA/CFA
He/She would be responsible for giving sector specific inputs related to tourism sector and other related inputs. Structuring of the project based on its feasibility shall be the responsibility of the sector specialist.
7 years in development
product development
including familiarity with
tourism projects
agreements, project
structuring, risk
management & successful
project implementation of at
least 5 projects of similar
nature.
Procurem
ent
Specialist
MBA(Finance)/CA/Law Graduate
He/She shall be responsible for the bid process management.
7 years in bid process design bid document and conducting bid process for projects of similar nature
Financial
Expert
MBA/CA He/She would responsible for assessing the feasibility of the project and undertake financial analysis for the project.
7 years in assessing the feasibility of projects of projects of similar nature
Legal
Expert
Law Graduate
He/She shall be responsible for the drafting of concession agreement and assistance in signing of the concession agreement with the selected player
7 years in drafting of concession agreement, lease agreements and legal documents.
2.4 Conflict of Interest
2.4.1 An Applicant shall not have a conflict of interest that may affect the
Selection Process or the Consultancy (the “Conflict of Interest”). Any
Applicant found to have a Conflict of Interest shall be disqualified. In
the event of disqualification, the Authority shall forfeit and
appropriate the Performance Security, if available, as mutually agreed
genuine pre-estimated compensation and damages payable to the
Authority for, inter alia, the time, cost and effort of the Authority
including consideration of such Applicant’s Proposal, without prejudice to
any other right or remedy that may be available to the Authority
hereunder or otherwise.
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2.4.2 The Authority requires that the Consultant provides professional,
objective, and impartial advice and at all times hold the Authority’s
interests paramount, avoid conflicts with other assignments or its own
interests, and act without any consideration for future work. The
Consultant shall not accept or engage in any assignment that would
be in conflict with its prior or current obligations to other clients, or
that may place it in a position of not being able to carry out the
assignment in the best interests of the Authority.
2.4.3 Some guiding principles for identifying and addressing Conflicts of
Interest have been illustrated. Without limiting the generality of the
above, an Applicant shall be deemed to have a Conflict of Interest
affecting the Selection Process, if:
a) the Applicant, its consortium member (the “Member”) or
Associates (or any constituent thereof) and any other Applicant, its
consortium member or Associate (or any constituent thereof) have
common controlling shareholders or other ownership interest;
provided that this disqualification shall not apply in cases where the
direct or indirect shareholding or ownership interest of an
Applicant, its Member or Associate (or any shareholder thereof
having a shareholding of more than 5 per cent of the paid up and
subscribed share capital of such Applicant, Member or Associate, as
the case may be) in the other Applicant, its consortium member or
Associate is less than 5% (five per cent) of the subscribed and paid
up equity share capital thereof. For the purposes of this Clause
indirect shareholding held through one or more intermediate
persons shall be computed as follows: (i) where any intermediary is
controlled by a person through management control or otherwise,
the entire shareholding held by such controlled intermediary in any
other person (the “Subject Person”) shall be taken into account for
computing the shareholding of such controlling person in the
Subject Person; and (ii) subject always to Sub-clause (i) above,
where a person does not exercise control over an intermediary,
which has shareholding in the Subject Person, the computation of
indirect shareholding of such person in the Subject Person shall be
undertaken on a proportionate basis; provided, however, that no such
shareholding shall be reckoned under this Sub-clause (ii) if the
shareholding of such person in the intermediary is less than 26%
(twenty six per cent) of the subscribed and paid up equity
shareholding of such intermediary; or
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b) a constituent of such Applicant is also a constituent of
another Applicant; or
c) such Applicant or its Associate receives or has received any direct or
indirect subsidy or grant from any other Applicant or its Associate;
or
d) such Applicant has the same legal representative for purposes of
this Application as any other Applicant; or
e) such Applicant has a relationship with another Applicant, directly or
through common third parties, that puts them in a position to
have access to each others’ information about, or to
influence the Application of either or each of the other Applicant;
or
f) there is a conflict among this and other consulting assignments of
the Applicant (including its personnel and other members, if any) and
any subsidiaries or entities controlled by such Applicant or having
common controlling shareholders. The duties of the Consultant
will depend on the circumstances of each case. While providing
consultancy services to the Authority for this particular assignment,
the Consultant shall not take up any assignment that by its nature
will result in conflict with the present assignment; or
g) a firm which has been engaged by the Authority to provide goods or
works or services for a project, and its Associates, will be
disqualified from providing consulting services for the same
project save; conversely, a firm hired to provide consulting services
for the preparation or implementation of a project, and its
Members or Associates, will be disqualified from subsequently
providing goods or works or services related to the same project; or
h) the Applicant, its Member or Associate (or any constituent
thereof), and the bidder, if any, for the Project, its
contractor(s) or sub-contractor(s) (or any constituent thereof) have
common controlling shareholders or other ownership interest;
provided that this disqualification shall not apply in cases where
the direct or indirect shareholding or ownership interest of an
Applicant, its Member or Associate (or any shareholder
thereof having a shareholding of more than 5% (five per cent) of
the paid up and subscribed share capital of such Applicant,
Member or Associate, as the case may be,) in the bidder, if any, or
its contractor(s) or sub-contractor(s) is less than 5% (five per cent)
of the paid up and subscribed share capital of such bidder or its
contractor(s) or sub-contractor(s); provided further that this
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disqualification shall not apply to ownership by a bank, insurance
company, pension fund or a Public Financial Institution referred to
in section 4A of the Companies Act 1956. For the purposes of this
Sub-clause (h), indirect shareholding shall be computed in
accordance with the provisions of Sub-clause (a) above.
i) For purposes of this RFP, Associate means, in relation to the
Applicant, a person who controls, is controlled by, or is under
the common control with such Applicant, or is deemed or
published as an “Associate Office”; or has a formal arrangement
such as tie up for client referral or technology sharing, joint
venture with the Applicant (the “Associate”); provided, however,
that if the Applicant has any formal arrangement such as
consortium membership in a consortium of advisers/ consultants
for a particular assignment/ project, not being this project, with
any other person, then such other person shall not be treated to
be an Associate of the Applicant solely due to the reason of
forming such consortium. As used in this definition, the
expression “control” means, with respect to a person which is a
company or corporation, the ownership, directly or indirectly, of
more than 50% (fifty per cent) of the voting shares of such
person, and with respect to a person which is not a company or
corporation, the power to direct the management and policies of
such person by operation of law or by contract.
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2.4.4 An Applicant eventually appointed to provide Consultancy for this
Project, its Associates, affiliates and the Financial Expert, shall be
disqualified from subsequently providing goods or works or services
related to the construction and operation of the same Project and any
breach of this obligation shall be construed as Conflict of Interest;
provided that the restriction herein shall not apply after a period of 3
(three) years from the completion of this assignment or to any
consulting assignments granted by banks/lenders at any time;
provided further that this restriction shall not apply to
consultancy/advisory services performed for the Authority in
continuation of this Consultancy or to any subsequent
consultancy/advisory services performed for the Authority in accordance
with the rules of the Authority. For the avoidance of doubt, an
entity affiliated with the Consultant shall include a partner in the
Consultant’s firm or a person who holds more than 5% (five per
cent) of the subscribed and paid up share capital of the Consultant, as
the case may be, and any Associate thereof. For the avoidance of
doubt, in the event that: (a) the Financial Expert of an Applicant!
Consultant was a partner or an employee of another firm, which
attracts the provisions relating to Conflict of Interest hereunder; and
(b) was directly or indirectly associated with any assignment that
causes a Conflict of Interest hereunder, then such Financial Expert
shall be deemed to suffer from Conflict of Interest for the purpose
hereof.
2.4.5 In the event that the Consultant, its Associates or affiliates are
auditors or financial advisers to any of the bidders for the Project, they
shall make a disclosure to the Authority as soon as any potential
conflict comes to their notice but in no case later than 7 (seven) days
from the opening of the RFP applications for the Project and any
breach of this obligation of disclosure shall be construed as Conflict of
Interest. The Authority shall, upon being notified by the Consultant
under this Clause 2.4.5, decide whether it wishes to terminate this
Consultancy or otherwise, and convey its decision to the Consultant
within a period not exceeding 15 (fifteen) days.
2.5 Number of Proposals
No Applicant or its Associate shall submit more than one Application for
the Consultancy. An Applicant applying individually or as an Associate
shall not be entitled to submit another application either individually or
as a member of any consortium, as the case may be.
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The Applicants shall be responsible for all of the costs associated with
the preparation of their Proposals and their participation in the Selection
Process including subsequent negotiation, visits to the Authority,
Project site etc. The Authority will not be responsible or in any way
liable for such costs, regardless of the conduct or outcome of the
Selection Process.
2.6 Acknowledgement by Applicant
2.6.1 It shall be deemed that by submitting the Proposal, the Applicant has:
(a) made a complete and careful examination of the RFP;
(b) received all relevant information requested from the Authority;
(c) accepted the risk of inadequacy, error or mistake in the
information provided in the RFP or furnished by or on behalf of
the Authority or relating to any of the matters
(d) satisfied itself about all matters, things and information,
including matters referred, necessary and required for submitting
an informed Application and performance of all of its
obligations there under;
(e) acknowledged that it does not have a Conflict of Interest; and
(f) agreed to be bound by the undertaking provided by it under and
in terms hereof.
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2.6.2 The Authority shall not be liable for any omission, mistake or error in
respect of any of the above or on account of any matter or thing
arising out of or concerning or relating to RFP or the Selection Process,
including any error or mistake therein or in any information or data
given by the Authority.
2.7 Right to reject any or all Proposals
2.7.1 Notwithstanding anything contained in this RFP, the Authority reserves
the right to accept or reject any Proposal and to annul the Selection
Process and reject all Proposals, at any time without any liability or any
obligation for such acceptance, rejection or annulment, and
without assigning any reasons therefore.
2.7.2 Without prejudice to the generality of Clause 2.7.1, the Authority
reserves the right to reject any Proposal if:
a) at any time, a material misrepresentation is made or discovered, or
b) the Applicant does not provide, within the time specified by the
Authority, the supplemental information sought by the Authority for
evaluation of the Proposal.
Misrepresentation/ improper response by the Applicant may lead to
the disqualification of the Applicant. If the Applicant is the Lead Member
of a consortium, then the entire consortium may be disqualified / rejected.
If such disqualification / rejection occurs after the Proposals have been
opened and the highest ranking Applicant gets disqualified /
rejected, then the Authority reserves the right to consider the next
best Applicant, or take any other measure as may be deemed fit in the
sole discretion of the Authority, including annulment of the Selection
Process.
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B. DOCUMENTS
2.8 Contents of the RFP
2.8.1 This RFP comprises the Disclaimer set forth hereinabove, the contents
as listed below and will additionally include any Addendum /
Amendment issued in accordance with Clause 2.10:
Request for Proposal
1 Introduction
2 Instructions to Applicants
3 Criteria for Evaluation
4 Fraud and corrupt practices
5 Miscellaneous
Schedules
1 Project Details
2 Terms of Reference
Appendix-I: Technical Proposal
Form 1: Letter of Proposal
Form 2: Particulars of the Applicant
Form 3: Statement of Legal Capacity
Form 4: Power of Attorney
Form 5: Financial Capacity of the Applicant
Form 6: Abstract of Eligible Assignments of the Applicant
Form 7: Eligible Assignments of Applicant
Appendix – II: Financial Proposal
Form 1: Covering Letter
Form 2: Financial Proposal
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2.9 Clarifications
2.9.1 Applicants requiring any clarification on the RFP may send their queries
to the Authority in writing before the date mentioned in the Schedule
of Selection Process before the pre-bid meeting as given in clause 1.9.
The envelopes shall clearly bear the following identification:
"Queries/Request for Additional Information – Appointment of Financial
Advisor for Development of Tourism Projects through private Sector
participation in Madhya Pradesh"
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2.9.2 The Authority shall endeavor to respond to the queries within the period
specified therein but no later than 7 (seven) days prior to the PDD. The
responses will be sent by fax or e-mail. The Authority will post the reply to
all such queries on the Official Website and copies thereof will also be
circulated to all Applicants who have purchased the RFP document
without identifying the source of queries.
2.9.3 The Authority reserves the right not to respond to any queries or provide
any clarifications, in its sole discretion, and nothing in this Clause 2.9 shall
be construed as obliging the Authority to respond to any question or to
provide any clarification.
2.10 Amendment of RFP
2.10.1 At any time prior to the deadline for submission of Proposal, the
Authority may, for any reason, whether at its own initiative or in response
to clarifications requested by an Applicant, modify the RFP document by
the issuance of Addendum/ Amendment and posting it on the Official
Website and by conveying the same to the prospective Applicants (who
have purchased the RFP document) by e-mail.
2.10.2 All such amendments will be notified in writing through e-mail to all
Applicants who have purchased the RFP document. The amendments will
also be posted on the Official Website along with the revised RFP
containing the amendments and will be binding on all Applicants.
2.10.3 In order to afford the Applicants a reasonable time for taking an
amendment into account, or for any other reason, the Authority may,
in its sole discretion, extend the PDD.
C. PREPARATION AND SUBMISSION OF PROPOSAL
2.11 Language
The Proposal with all accompanying documents (the “Documents”)
and all communications in relation to or concerning the Selection
Process shall be in English language and strictly on the forms
provided in this RFP. No supporting document or printed literature
shall be submitted with the Proposal unless specifically asked for and in
case any of these Documents is in another language, it must be
accompanied by an accurate translation of all the relevant passages in
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English, in which case, for all purposes of interpretation of the Proposal,
the translation in English shall prevail.
2.12 Format and signing of Proposal
2.12.1 The Applicant shall provide all the information sought under this RFP.
The Authority would evaluate only those Proposals that are received
in the specified forms and complete in all respects.
2.12.2 The Applicant shall prepare one original set of the Proposal (together
with originals/ copies of Documents required to be submitted along
therewith pursuant to this RFP) and clearly marked “ORIGINAL”. In
addition, the Applicant shall submit 1 (one) copy of the Proposal, along
with Documents, marked “COPY”. In the event of any discrepancy
between the original and its copies, the original shall prevail.
2.12.3 The Proposal, and its copy, shall be typed or written in indelible ink
and signed by the authorised signatory of the Applicant who shall
initial each page, in blue ink. In case of printed and published
Documents, only the cover shall be initialed. All the alterations,
omissions, additions, or any other amendments made to the
Proposal shall be initialed by the person(s) signing the Proposal. The
Proposals must be properly signed by the authorised representative
(the “Authorised Representative”) as detailed below: by the
proprietor, in case of a proprietary firm; or
(a) by a partner, in case of a partnership firm and/or a limited
liability partnership; or
(b) by a duly authorised person holding the Power of Attorney, in
case of a Limited Company or a corporation; or
(c) by the authorised representative of the Lead Member, in
case of consortium.
A copy of the Power of Attorney certified by a notary public in the
form specified in Appendix-I (Form-4) shall accompany the Proposal (if
required).
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2.12.4 Applicants should note the PDD, as specified in Clause 1.9, for submission
of Proposals. Except as specifically provided in this RFP, no
supplementary material will be entertained by the Authority, and
that evaluation will be carried out only on the basis of Documents
received by the closing time of PDD specified in Clause 1.9. Applicants
will ordinarily not be asked to provide additional material information
or documents subsequent to the date of submission, and unsolicited
material if submitted will be summarily rejected.
2.13 Technical Proposal
2.13.1 Applicants shall submit the technical proposal in the formats at
Appendix-I (the “Technical Proposal”)
2.13.2 While submitting the Technical Proposal, the Applicant shall, in
particular, ensure that:
(a) all forms are submitted in the prescribed formats and signed
by the prescribed signatories;
(b) power of attorney, if applicable, is executed as per Applicable
Laws; and
(c) the proposal is responsive as per the specifications of the RFP.
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2.13.3 Failure to comply with the requirements spelt out in this Clause
2.13 shall make the Proposal liable to be rejected.
2.13.4 The Technical Proposal shall not include any financial information
relating to the Financial Proposal.
2.13.5 The Authority reserves the right to verify all statements, information
and documents, submitted by the Applicant in response to the RFP.
Any such verification or the lack of such verification by the Authority to
undertake such verification shall not relieve the Applicant of its
obligations or liabilities hereunder nor will it affect any rights of the
Authority there under.
2.13.6 In case it is found during the evaluation or at any time before signing
of the Agreement or after its execution and during the period of
subsistence thereof, that one or more of the eligibility conditions
have not been met by the Applicant or the Applicant has made
material misrepresentation or has given any materially incorrect or
false information, the Applicant shall be disqualified forthwith if
not yet appointed as the Consultant either by issue of the LOA or
entering into of the Agreement, and if the Selected Applicant has
already been issued the LOA or has entered into the Agreement, as
the case may be, the same shall, notwithstanding anything to the
contrary contained therein or in this RFP, be liable to be terminated,
by a communication in writing by the Authority, without the Authority
being liable in any manner whatsoever to the selected Applicant or
Consultant, as the case may be.
In such an event, the Authority shall forfeit and appropriate the EMD, if
available, as mutually agreed pre-estimated compensation and
damages payable to the Authority for, inter alia, time, cost and effort of
the Authority, without prejudice to any other right or remedy that
may be available to the Authority.
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2.14 Financial Proposal
2.14.1 Applicants shall submit the financial proposal in the formats at
Appendix-II (the “Financial Proposal”) clearly indicating the total cost
(including all taxes &expenses) of the Consultancy in both figures and
words, in Indian Rupees, and signed by the Applicant’s Authorised
Representative. In the event of any difference between figures and
words, the amount indicated in words shall prevail. In the event of a
difference between the arithmetic total and the total shown in the
Financial Proposal, the lower of the two shall prevail.
2.15 Submission of Proposal
2.15.1 The Applicants shall submit the Proposal in hard bound form with all
pages numbered serially and by giving an index of submissions. Each
page of the submission shall be initialed by the Authorised
Representative of the Applicant as per the terms of this RFP. In case the
proposal is submitted on the document down loaded from Official
Website, the Applicant shall be responsible for its accuracy and
correctness as per the version uploaded by the Authority and shall
ensure that there are no changes caused in the content of the
downloaded document. In case of any discrepancy between the
downloaded or photocopied version of the RFP and the original RFP
issued by the Authority, the latter shall prevail.
2.15.2 The Proposal will be sealed in an outer envelope which will bear the
address of the Authority, RFP Notice number, Consultancy name as
indicated at Clause 1.12.1 and 1.12.3 and the name and address of
the Applicant. It shall bear on top, the following:
“Do not open, except in presence of the Authorised Person of the Authority”
If the envelope is not sealed and marked as instructed above, the
Authority assumes no responsibility for the misplacement or premature
opening of the contents of the Proposal submitted and consequent
losses, if any, suffered by the Applicant.
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2.15.3 The aforesaid outer envelope will contain three separate sealed
envelopes, first clearly marked ‘EMD’, second clearly marked ‘Technical Proposal‟ and the third clearly marked as ‘Financial
Proposal’. The envelope marked “Technical Proposal” shall contain
the Application in the prescribed format (Form 1 of Appendix-I) along
with Forms 2 to 7 of Appendix-I and supporting documents.
The envelope marked “Financial Proposal” shall contain the financial
proposal in the prescribed format (Forms 1 and 2 of Appendix-II).
2.15.4 The Technical Proposal and Financial Proposal shall be typed or written
in indelible ink and signed by the Authorised Representative of the
Applicant. All pages of the original Technical Proposal and Financial
Proposal must be numbered and initialed by the person or persons
signing the Proposal.
2.15.5 The completed Proposal must be delivered on or before the specified
time on PDD in person. Proposals submitted by post, fax, telex,
telegram or e-mail shall not be entertained.
2.15.6 The Proposal shall be made in the Forms specified in this RFP. Any
attachment to such Forms must be provided on separate sheets of
paper and only information that is directly relevant should be provided.
This may include photocopies of the relevant pages of printed
documents.
2.15.7 The rates quoted shall be firm throughout the period of performance
of the assignment up to and including discharge of all obligations of
the Consultant under the Agreement.
2.16 Proposal Due Date
2.16.1 Proposal should be submitted before 1500 hrs on the PDD specified at
Clause 1.9 at the address provided in Clause 1.12 in the manner and
form as detailed in this RFP.
2.16.2 The Authority may, in its sole discretion, extend the PDD by
issuing an Addendum uniformly for all Applicants.
2.17 Late Proposals
Proposals received by the Authority after the specified time on PDD
shall not be eligible for consideration and shall be summarily rejected.
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2.18 Modification/Substitution/Withdrawal of Proposals
2.18.1 No Proposal shall be allowed for modification, substitution, or
withdrawn by the Applicant at any stage after submission of the
proposal.
D. EVALUATION PROCESS
2.19 Evaluation of Proposals
2.19.1 The Authority shall open the Proposals at 1630 hours on the PDD, at
the place specified in Clause 1.12 and in the presence of the Applicants
who choose to attend. The envelopes marked “EMD” and “Technical
Proposal” shall be opened first. The envelope marked “Financial
Proposal” shall be kept sealed for opening at a later date.
2.19.2 Prior to evaluation of Proposals, the Authority will determine whether
each Proposal is responsive to the requirements of the RFP. A Proposal
shall be considered responsive only if:
(a) the Technical Proposal is received in the form specified at
Appendix-I;
(b) it is received by the PDD including any extension thereof
pursuant to Clause 2.16;
(c) it is signed, sealed, bound together in hard cover and
marked as stipulated in Clauses 2.12 and 2.15;
(d) it is accompanied by the Power of Attorney as specified in
Clause 2.2.3;
(e) it contains all the information (complete in all respects) as
requested in the RFP;
(f) it does not contain any condition or qualification
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2.19.3 The Authority reserves the right to reject any Proposal which is
nonresponsive and no request for alteration, modification,
substitution or withdrawal shall be entertained by the Authority in
respect of such Proposals.
2.19.4 The Authority shall subsequently examine and evaluate Proposals in
accordance with the Selection Process specified at Clause 1.7 and the
criteria set out in Section 3 of this RFP.
2.19.5 After the technical evaluation, the Authority shall prepare a list of
pre-qualified Applicants in terms of Clause 3.2 for opening of their
Financial Proposals. A date, time and venue will be notified to all
Applicants for announcing the result of evaluation and opening of
Financial Proposals. Before opening of the Financial Proposals, the list
of pre-qualified Applicants along with their Technical Scores will be
read out. The opening of Financial Proposals shall be done in presence
of respective representatives of Applicants who choose to be present.
The Authority will not entertain any query or clarification from
Applicants who fail to qualify at any stage of the Selection Process. The
financial evaluation and final ranking of the Proposals shall be carried
out in terms of Clauses 3.2. Financial proposal of Applicants not short-
listed after evaluation of Technical proposals shall be returned
unopened after signing the Agreement with the Selected Applicant.
2.19.6 Applicants are advised that Selection shall be entirely at the discretion
of the Authority. Applicants shall be deemed to have understood and
agreed that the Authority shall not be required to provide any
explanation or justification in respect of any aspect of the Selection
Process or Selection.
2.19.7 Any information contained in the Proposal shall not in any way be
construed as binding on the Authority, its agents, successors or
assigns, but shall be binding against the Applicant if the Consultancy is
subsequently awarded to it.
2.20 Confidentiality
Information relating to the examination, clarification, evaluation, and
recommendation for the selection of Applicants shall not be disclosed
to any person who is not officially concerned with the process or is not
a retained professional adviser advising the Authority in relation to
matters arising out of, or concerning the Selection Process. The
Authority shall treat all information, submitted as part of the
Proposal, in confidence and shall require all those who have access to
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such material to treat the same in confidence. The Authority may not
divulge any such information unless it is directed to do so by any
statutory entity that has the power under law to require its disclosure
or to enforce or assert any right or privilege of the statutory entity
and/or the Authority or as may be required by law or in connection
with any legal process.
2.21 Clarifications
2.21.1 To facilitate evaluation of Proposals, the Authority may, at its sole
discretion, seek clarifications from any Applicant regarding its
Proposal. Such clarification(s) shall be provided within the time
specified by the Authority for this purpose. Any request for clarification(s)
and all clarification(s) in response thereto shall be in writing.
2.21.2 If an Applicant does not provide clarifications sought under Clause
2.21.1 above within the specified time, its Proposal shall be liable to be
rejected. In case the Proposal is not rejected, the Authority may
proceed to evaluate the Proposal by construing the particulars
requiring clarification to the best of its understanding, and the
Applicant shall be barred from subsequently questioning such
interpretation of the Authority.
E. APPOINTMENT OF CONSULTANT
2.22 Indemnity
The Consultant shall, subject to the provisions of the Agreement,
indemnify the Authority, for an amount not exceeding 3 (three) times
the value of the Agreement, for any direct loss or damage that is
caused due to any deficiency in Services.
2.23 Award of Consultancy
After selection, a Letter of Award (the “LOA”) shall be issued, in
duplicate by the Authority to the Selected Applicant and the Selected
Applicant shall, within 7 (seven) days of the receipt of the LOA, sign
and return the duplicate copy of the LOA in acknowledgement thereof.
In the event the duplicate copy of the LOA duly signed by the Selected
Applicant is not received by the stipulated date, the Authority may,
unless it consents to extension of time for submission thereof, cancel
the LOA and the next highest ranking Applicant may be considered.
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2.24 Execution of Agreement
After acknowledgement of the LOA as aforesaid by the Selected
Applicant, it shall sign & execute the Agreement.
2.25 Proprietary data
Subject to the provisions of Clause 2.21, all documents and other
information provided by the Authority or submitted by an Applicant to
the Authority shall remain or become the property of the Authority.
Applicants and the Consultant, as the case may be, are to treat all
information as strictly confidential. The Authority will not return any
Proposal or any information related thereto. All information collected,
analysed, processed or in whatever manner provided by the
Consultant to the Authority in relation to the Consultancy shall be the
property of the Authority.
Original Drawings/Maps/Data/Charts/Photocopies documents received
from the Authority shall remain in the custody of the Consultant during
the period of the assignment only and shall be used exclusively in
connection with the Services and shall not be made use of for any
other purpose. These shall be carefully preserved by the Consultant till
the completion of the assignment and shall be handed over to the
Authority on the completion of the Services or on the termination of
the contract.
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3 CRITERIA FOR EVALUATION
3.1 Evaluation of Technical Proposals
In the first stage, the Technical Proposal will be evaluated on the basis of
Applicant’s experience. Only those Applicants whose Technical
Proposals score 70 points or more out of 100 shall be eligible. The
scoring criteria to be used for evaluation shall be as follows.
Sl. No.
Information to be provided by bidder
Criteria Marks
1. Relevant Experience Experience in Tourism: 2 mark for each project (maximum up to 10 ) - Experience in Tourism related Financial Advisory of hotel/leisure/hospitality/ Theme parks/Amusement Parks projects with cost more than Rs 100 crores during the last 10 years where letter of award is issued to the successful bidder or development agreement has been successfully signed between the Authority and Private Player. Experience in similar assignments: 2 mark for each project (maximum up to 10 ) – Experience in PSP/PPP Financial Advisory projects with cost more than Rs 200 crores during the last 10 years where at least the concession/ Development agreement has been successfully signed between the Authority and Private Player.
20
2. Average annual turnover from consulting/ advisory for last 3 years
12 marks for turnover of Rs. 150 Crores. 1 mark (maximum up to 8 ) for each Rs.25.00 Crore turnover over and above minimum 150.00 Crores
20
3. Number of Permanent Staff on roll
10 marks for minimum 100 staff on roll. 1 mark (maximum up to 5 ) for each 50 extra staff over and above minimum 100 Staff
10
4. No of assignment completed with State/ Central Government & public
10 marks for minimum 5 assignments. 1 mark extra (maximum up to 5 ) for every assignment over and above minimum 5 assignment
15
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sector undertaking
5. Signing of agreement and financial closure
10 marks for minimum 5 assignments. 2 mark extra (maximum up to 10 ) for every assignment over and above minimum 5 assignment
20
6. Relevant Experience of the Key Personnel
3 marks for each key personnel with experience as specified in clause 2.3
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The bidders are required to provide certified documentary evidence in support of all the above criteria
3.2 Evaluation of Financial Proposal
3.2.1 In the second stage, the financial evaluation as per the clause 3.1 will
be carried out and the lowest bidder (L1) from the qualified bidders
shall be awarded the project
3.2.2 In case the L1 bidder fails to sign the LOA within the stipulated
timeframe, the next lowest bidder from the qualified shall be
awarded the project.
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4 FRAUD AND CORRUPT PRACTICES
4.1 The Applicants and their respective officers, employees, agents and
advisers shall observe the highest standard of ethics during the
Selection Process. Notwithstanding anything to the contrary contained
in this RFP, the Authority shall reject a Proposal without being liable in
any manner whatsoever to the Applicant, if it determines that the
Applicant has, directly or indirectly or through an agent, engaged in